BioProcure
BioProcure provides specialized procurement, accounts payable, and administrative support services to biotech and life science companies from startup through mid-market. Operating since 2007 alongside sister company Prendio's eProcurement software, the firm serves hundreds of clients via offices in Massachusetts and Arizona.
- Company typePrivate
- Founded2007
- HeadquartersWoburn, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What BioProcure does
BioProcure is a specialized procurement and accounts payable services provider serving biotech and life science companies from startup through established research organizations. Founded in 2007 by Vincent Bologna, a former Biogen purchasing manager, and Laura Stack, the company operates from a Burlington, MA headquarters (relocating from Woburn in 2024) and a Chandler, AZ office, employing approximately 186 people as of late 2023. Its core service offering comprises three integrated lines: outsourced Procurement Services (price negotiation, order placement/tracking, returns), Accounts Payable Support Services (three-way match, data entry, voucher creation), and Administrative Support Services (credit applications, tax exemption certificates, supplier setup). Services are delivered in conjunction with sister company Prendio's cloud-based eProcurement software, which provides the transactional infrastructure for biotech-specific procurement workflows and holds SOC 2 Type 1 attestation, while BioProcure itself maintains a SOC 1 Type 2 certificate.
The business operates on a professional/managed services revenue model with quote-based, custom pricing structured as month-to-month contracts (30-day cancellation), monetized through service fees on transaction volume or fixed arrangements with biotech clients. Go-to-market is enterprise field sales-led, with the company investing heavily in industry event presence (JPM Healthcare, BIO International), content marketing (white papers, tip sheets), and channel partnerships — notably with Cambridge Innovation Center (CIC) and VC portfolio relationships. BioProcure aggregates spend across hundreds of biotech clients via a 10,000+ supplier network, capturing economies of scale in supplier pricing that individual startups cannot achieve independently. The company received a strategic growth equity investment from Primus Capital in October 2023 and transitioned to a new CEO (Eric Meizlish, ex-Lumere/GHX) in January 2024 while founder Vincent Bologna moved to a Board Chairman role.
BioProcure firmographics
Firmographics- Name
- BioProcure
- Legal name
- BioProcure LLC
- Website
- https://bioprocure.com
- Company type
- Private
- Founded year
- 2007
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- BioProcure provides specialized procurement, accounts payable, and administrative support services to biotech and life science companies from startup through mid-market. Operating since 2007 alongside sister company Prendio's eProcurement software, the firm serves hundreds of clients via offices in Massachusetts and Arizona.
- Ownership category
- akta.pro rank
BioProcure industry classification
Industry- Product category
- Biotech Procurement and Accounts Payable Services
- NAICS
- Scientific Research and Development Services (5417), Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology) (541715)
- SIC
- Services-Commercial Physical & Biological Research (8731), Services-Prepackaged Software (7372)
- akta.pro primary industry
- Cell Culture & Bioprocess Lab Equipment (Bioreactors, Single-Use Systems, Controllers) (HLAGAIAG)
- akta.pro secondary industry
- Biologics & Biosimilars Distributors (HLAIAJAH)
Keywords
Where BioProcure is headquartered
LocationHeadquarters
- HQ city
- Woburn
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
BioProcure business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- Procurement Services: Outsourced procurement services including negotiating pricing, placing and tracking orders, assisting with returns, and providing administrative support. Revenue generated through service fees based on transaction volume or fixed pricing arrangements with biotech clients.
- Accounts Payable Support Services: Three-way match, data entry, voucher creation, credit applications, tax exemption certificate filing, and supplier account management. Provides ongoing support ensuring audit readiness.
- Administrative Support Services: Additional administrative tasks including new supplier setup, net terms establishment, company name changes, and relocations by communicating with suppliers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Monthly | Custom quote-based pricing tailored to client needs |
Go-to-market motion4 records
Distribution channels4 records
Marketing channels6 records
BioProcure product offering
Product offeringCore offering
BioProcure provides outsourced procurement and accounts payable services tailored exclusively for biotech and life science companies, handling pricing negotiation, order placement and tracking, returns, three-way matching, voucher creation, and supplier administrative tasks such as credit applications and tax exemption certificates. The services are delivered alongside Prendio, a sister-company cloud-based eProcurement software platform purpose-built for life sciences, forming an integrated procure-to-pay solution. BioProcure serves emerging and established life science companies from incubator-stage startups through established research organizations, enabling scientists to focus on research rather than administrative procurement work.
Product overview
BioProcure offers a unified portfolio of procure-to-pay services designed specifically for biotech and life science organizations. The core offering consists of three integrated service lines: Procurement Services (negotiating pricing, placing/tracking orders, returns assistance), Accounts Payable Support Services (three-way match, data entry, voucher creation), and Administrative Support Services (credit applications, supplier net terms, tax exemption certificates). These services are designed to work in concert with Prendio, BioProcure's sister company's cloud-based eProcurement software platform, which provides the technological infrastructure for streamlined ordering and supplier management. Together, BioProcure services and Prendio software form an integrated procure-to-pay solution that helps biotech companies reduce administrative burden, save costs, and focus on research. The company also provides educational resources including tip sheets on lab productivity and funding management.
Differentiator
Problem solved
Functional benefit
Products and services
- BioProcure Procurement Services Outsourced procurement service that negotiates pricing with suppliers, places and tracks orders, and assists with returns on behalf of biotech and life science companies, alleviating administrative burden on research staff.
- BioProcure Accounts Payable Support Services Accounts payable support including three-way matching, data entry, and voucher creation to keep biotech clients audit-ready and reduce finance team workload.
- BioProcure Administrative Support Services Administrative assistance including completing credit applications, working with new suppliers to establish net terms, and filling and filing tax exemption certificates with suppliers on behalf of biotech clients.
Quantifiable outcome
- 207K+ hours of lab time saved for clients
- +3 more outcomes
Companies that use BioProcure
Customer profileNamed customers10 records
Segments3 records
Ideal customer profiles3 records
BioProcure technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
BioProcure partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core and minor.
- CIC (Cambridge Innovation Center)coreStrategic partnership to empower early-stage biotech companies with streamlined procurement applications, preferred supplier networks, and cost-saving opportunities. CIC provides state-of-the-art lab infrastructure while BioProcure/Prendio provides tailored procurement solutions. Initially focused on CIC's flagship lab spaces across key innovation hubs with benefits available to all CIC clients across US sites.
- PrendiocoreSister company providing cloud-based eProcurement software specifically designed for life sciences. BioProcure services work in conjunction with Prendio's software platform to deliver integrated procure-to-pay solutions. Both companies share founders (Vincent Bologna and Laura Stack) and operate collaboratively under unified leadership.
- Medline IndustriesminorFeatured supplier partner offering medical supplies, manufacturing, and distribution with over 300,000 products spanning the clinical and laboratory space. 28 million plus square feet of warehousing and reliable next-day shipping available through Prendio platform punchout.
- MedChem ExpressminorFeatured Preferred Supplier Partner offering high-quality research chemicals and biochemicals including novel life-science reagents, reference compounds and natural compounds for scientific use. Quality assured through robust quality control programs.
- Life Science Cares BostonminorPartnership with Life Science Cares Boston empowering BioProcure/Prendio team members to give back and make real impact in local communities through charitable initiatives and volunteer activities.
- Maddie's PromiseminorCharitable foundation funding initiatives to study rare pediatric cancers. BioProcure supports this organization and its efforts to bring funding and attention to rare pediatric cancers that are often overlooked due to lack of research funding. Since 2019, Maddie's Promise has raised more than $300,000.
Scale indicators6 records
Recent moves9 records
Expansion highlights5 records
BioProcure competitors and assessment
Company assessmentDirect peers
- Labviva: AI-powered B2B procurement marketplace purpose-built for life sciences, connecting researchers with suppliers of reagents, instruments, and consumables. Direct peer: competes head-to-head with BioProcure/Prendio for biotech procurement wallet share.
- GEP Worldwide: Procurement software and managed services provider serving large enterprises across multiple verticals. Direct peer: competes with BioProcure on managed procurement services, though at enterprise scale and without biotech vertical specialization.
- Scientist.com: Outsourced research services marketplace connecting biotech R&D teams with CROs and research suppliers. Direct peer: competes for the same biotech customer's external-spend budget with a marketplace model that overlaps BioProcure's supplier-brokering service.
- Quartzy: Lab management and supplies ordering platform used by academic and industry life-science labs. Direct peer: addresses the same lab procurement pain point for smaller biotech and academic labs with a self-serve SaaS model.
- ZAGENO: Life sciences marketplace aggregating 40M+ SKUs from 5,000+ brands for biotech procurement. Direct peer: targets the same biotech buyer with an online catalog and order-fulfillment model that competes with BioProcure's negotiated-supplier approach.
- Prendio: Sister company under shared founders and Primus Capital ownership, providing the cloud-based eProcurement SaaS platform that BioProcure's services operate on. The two companies co-deliver an integrated procure-to-pay solution to the same biotech customer base and are operationally intertwined.
Broad incumbents
- Bio-Rad Laboratories: Publicly-traded life sciences manufacturer and distributor of clinical diagnostics and research tools. Broad incumbent: occupies the supplier side of the biotech procurement stack that BioProcure brokers for its clients.
- Coupa Software: Publicly-traded, broad-based spend management platform acquired by Thoma Bravo. Broad incumbent: offers procurement and invoicing tools used across industries; could expand downmarket into biotech over time.
- Avantor: Global supplier and distributor of life sciences products, chemicals, and lab supplies. Broad incumbent: competes at the supplier-distribution layer of the same value chain BioProcure sits in, with established catalogs that biotech buyers can procure directly.
- Thermo Fisher Scientific: Largest life sciences tools and reagents supplier globally, offering instruments, consumables, and services across biotech. Broad incumbent: a key preferred supplier of BioProcure's network but also capable of capturing procurement wallet share if biotechs in-source.
Market position
Strengths1 record
Weaknesses1 record
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
BioProcure social profiles
Digital presenceBioProcure compliance and trust
Trust signalCompliance2 records
BioProcure financial estimates
Financial estimateRevenue estimate
Valuation estimate
BioProcure leadership team
Management profileNumber of profiles
Profiles15 records
BioProcure funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BioProcure M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BioProcure
What does BioProcure do?
BioProcure provides outsourced procurement and accounts payable services tailored exclusively for biotech and life science companies, handling pricing negotiation, order placement and tracking, returns, three-way matching, voucher creation, and supplier administrative tasks such as credit applications and tax exemption certificates. The services are delivered alongside Prendio, a sister-company cloud-based eProcurement software platform purpose-built for life sciences, forming an integrated procure-to-pay solution. BioProcure serves emerging and established life science companies from incubator-stage startups through established research organizations, enabling scientists to focus on research rather than administrative procurement work.
Is BioProcure a public or private company?
BioProcure is a private company. It is classified as venture growth investor backed and is currently operating.
When was BioProcure founded?
BioProcure was founded in 2007. It employs 11 to 50 people.
Where is BioProcure based?
BioProcure is headquartered in Woburn, United States, in the North America region.
How does BioProcure make money?
Three revenue lines are on record. Procurement Services are the primary driver. The others are accounts Payable Support Services and administrative Support Services.
Who are BioProcure's main competitors?
Direct peers on record are Labviva, GEP Worldwide, Scientist.com, Quartzy, ZAGENO and Prendio. Broad incumbents are Bio-Rad Laboratories, Coupa Software, Avantor and Thermo Fisher Scientific.
Does BioProcure have an API?
No public API is recorded for BioProcure.
What industry is BioProcure in?
BioProcure's product category is Biotech Procurement and Accounts Payable Services. Its primary akta.pro industry code is HLAGAIAG, Cell Culture & Bioprocess Lab Equipment (Bioreactors, Single-Use Systems, Controllers), with a secondary code of HLAIAJAH, Biologics & Biosimilars Distributors. Its NAICS code is 5417 and its SIC code is 8731.